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    Algonac, MI
    Conventional Restaurant

    Algonac, MI Conventional Restaurants for Sale

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    Harsens Island, MI Cottrellville, MI Marine City, MI Fair Haven, MI Ira Twp, MI China Township, MI Casco, MI New Baltimore, MI
    Waterfront Bar and Restaurant
    Updated: Mar 16
    Waterfront Bar and Restaurant

    9724 Pearl Beach Boulevard, Clay, MI 48001

    $325,000
    4,400 sqft 0.38 AC lot
    Iconic waterfront bar & restaurant in historic Pearl Beach, directly next to the public fishing pier on the North Channel
    Includes the business, real estate, Johnnie Lega's name, liquor license, and all building contents
    Bar seats 100+ patrons and includes a fully equipped 23x12 commercial kitchen and industrial refrigeration
    Two restrooms, two furnaces, and two A/C units; forced‑air heating and central air
    Upper living quarters: approx. 2,000 SF apartment with 3 bedrooms above the bar
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    This listing looks promising.

    Here's a quick look at some key insights for

    9724 Pearl Beach Boulevard, Clay, MI 48001

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $26K
      Annual

    • Price @ 7% Cap

      $368K
      Above asking

    • Property Type

      Residential (General/Single)
      Built 1909
    View Property Analytics
    Waterfront Restaurant with Living Quarters
    Updated: Jul 20
    Waterfront Restaurant with Living Quarters

    9724 Pearl Beach Boulevard, Algonac, MI 48001

    $325,000
    Waterfront restaurant beside a public fishing pier on the North Channel
    Business, real estate, liquor license, furnishings, and Johnnie Lega's name included
    Seating for 100+ patrons with bar, two restrooms, two furnaces, and two A/C units
    23x12 commercial kitchen with fryers, grill, griddle, dishwasher, and two walk‑in coolers
    Approximately 2,000 sq ft upper‑level apartment with three bedrooms
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Algonac, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Freestanding Bar & Pub
    Freestanding Bar & Pub

    34540 Harper Ave, Clinton Township, MI 48035

    $1,495,000
    3,200 sqft 1.46 AC lot

    Corner-site property with pylon signage and B-3 and R-5 zoning.

    View details
    Bar & Pub With Living Quarters
    Bar & Pub With Living Quarters

    321 Chartier, Marine City, MI 48039

    $549,995
    1,889 sqft

    Operating hospitality property with a two-bedroom, two-bath residence above the commercial space.

    View details
    Drive-Through Restaurant Building
    Drive-Through Restaurant Building

    159 Chartier, Marine City, MI 48039

    $450,000

    ADA-compliant facility with dedicated parking and a triple-net lease structure.

    View details
    Established Conventional Restaurant Business
    Established Conventional Restaurant Business

    Clinton Township, MI 48035

    Contact for pricing

    Fully equipped restaurant operation offered separately from the underlying real estate.

    View details

    Algonac, MI Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Algonac, MI on our real estate platform. These investment opportunities span a total of 4,400 square feet of properties for sale, with an estimated market value of $650,000.

    Sale prices for conventional restaurants in Algonac, MI average $325,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 2
    Commercial kitchens 2
    Conventional restaurants 2

    Demographics Overview

    Population 12K
    Population Growth (5Y) -3.2%
    Median Household Income $64,538
    College Educated 24.1%

    Taxes & Financing

    Tax Rate (average for all types) 3.88%
    Property Tax per SF $67.26 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in St. Clair County

    New Delisted

    Total CRE Inventory on Market (SF)

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